Dads Seek Higher 2015 Budget
Vol. XVIII No. 8 (Nov. 29 – Dec. 5,2014)
BAGUIO CITY – The city council wants a higher 2015 budget than what was proposed by the executive department under Mayor Mauricio Domogan.
The body last Monday sought to invite members of the local finance committee chaired by city budget officer Leticia Clemente in their session on Dec. 1 “to thresh out the possibility of increasing the income statement of the 2015 Annual Budget to accommodate some important projects which require funding.”
The invite was issued by the committee of the whole and signed by Vice Mayor Edison Bilog and all the councilors except Councilors Roberto Ortega and Isabelo Cosalan Jr.
Domogan proposed an executive budget of P1,501,510,000 for 2015 with a modest increase P61,928,000 from last year’s financial plan amounting to P1,439,582,000.
The conservative increase was due to the expected minimal increase in the income from local taxes this year due to the outdated tax rates being imposed by the city on businesses and real properties.
As proposed, the estimated income will come from the beginning balance of P160,000,000; tax revenue amounting to P374,450,000; non-tax revenue – P194,280,000; and external sources – P772,780,000.
The proposed expenses to cover the cost of delivery of basic services are distributed as follows: P536,610,000 for personal services; P608,025,000 for maintenance and other operating expenses; P109,143,000 for capital outlay; P67,076,000 for Disaster Risk Reduction Management Fund and P180,656,000 for development fund./A Refuerzo